Michael Saylor, the former CEO of Strategy and one of the biggest Bitcoin bulls, has recently hinted at purchasing more BTC. The American entrepreneur, in a recent post where he pointed at the company’s BTC purchases on a chart, said orange is his favorite color. Experts believe it’s a hint that he will be repurchasing Bitcoin soon.
Strategy currently holds $60.8 billion worth of BTC, but it paid around $40 billion for the assets. That gives the company a 50% profit on an average purchase price of $70,000. Bitcoin currently trades at $104,950.